Grove Financial & Associates, Inc

350 S Sporting Hill Rd
Mechanicsburg, PA 17050

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When does umbrella insurance kick in?

Umbrella insurance from us at Grove Financial & Associates Inc is an extra layer of protection that kicks in when your other liability policies are exhausted. It provides additional financial coverage for claims and lawsuits against you in the Mechanicsburg, PA area, such as a liability claim for bodily injury or property damage. It can be used to cover expenses that would otherwise not be covered by your existing insurance policies, such as legal fees, court costs, and judgments against you.

When does umbrella insurance kick in? Umbrella insurance kicks in after the limits on your other liability policies have been met. If you have a $500,000 limit on your auto policy and are sued for $1 million in damages, your umbrella insurance will kick in and cover the remaining $500,000. Without umbrella insurance, you would be responsible for these costs out-of-pocket.  

Umbrella insurance also often covers certain claims not covered by other policies, such as false arrest, libel, and slander. This makes it an ideal choice for business owners or those with high-value assets to protect.  

Finally, umbrella insurance can provide greater peace of mind when protecting yourself and your assets. With this type of coverage in place, you can rest assured that you’ll be covered should a significant liability arise. It’s Iess worry to have on your plate if something unexpected happens. 

Umbrella insurance is a crucial tool to protect yourself from costly lawsuits and settlements in the Mechanicsburg, PA area that could otherwise devastate your finances. It’s also ideal to speak with an experienced insurance agent at Grove Financial & Associates Inc about whether umbrella coverage is appropriate for your needs.

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